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20121027
20121104
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it in a situation like this, jim. i'm happy to report there was not any indication of any calls last night that people were thinking about their own pnl or business model. trying to make a decision that was right for all of the market participants. we ended up doing that. my bias is to keep markets open but this is a pretty easy decision from our point of view in the end. it's not worth putting people in danger. it's no time to be a hero. it's silly. >> what happened where initially there was a take it would open? when we were at goldman in 1985, the issue is there's no internet or real connection. we didn't have these things. we have internet and people who say we don't even need new york city anymore. how about the out of town guys who thought this was a great chance to trump new york? >> again, we got none of that from the other venues that are located outside of manhattan. there was no talk about them staying open. it goes back to what bob said. if a couple of the major markets are closed, i think you're doing everyone else a disservice if just a few thinly traded venues which would ev
happened i was looking at jim cramer on twitter, immediately you have to sell out. you have to sell out. whatever apple says, you have to sell apple. these two people who are out been promoted, you have to sell apple. the psychology of apple has gone from being this is an up stock to being i have to get out, it's important to recognize that has been a psychological shift on the stock. >> we'll have much more on all these stories later on in the show. meantime, damage assessments continuing all up and down the northeast seaboard. to eric fisher who is in narragansett, rhode island. eric? >> reporter: cnbc says we're just coming -- forget cnbc. weather channel, what's up. >> that's live television for you. >> forget cnbc -- i often thought that was a neglect it tiff attitude. >> meantime, let's head over to lower manhattan by the new york stock exchange with the latest on the hurricane. scott? >> this is cnbc, right? >> yes. >> you're not allowed to say that. >> reporter: things are at least improving in terms of the weather conditions. we have had had had a couple of showers and the wind
. i'm carl quintanilla with melissa lee, jim cramer and david faber. a lot has gone into making this morning happen as we look at futures higher today. nyse loaded fuel trucks, run tests, had the staff sleep here overnight. it is confident in a full session here today. europe advancing as well. data from that side of the atlantic. the real story is going to be whether the markets trade normally today and how they absorb corporate news over the next 24 hours. >> the percentage of corporate news that is good versus bad is remarkable. dow stocks doing something that someone feel is a deal that worked. pbh in a deal that extends the calvin klein brand. in europe, bp reporting a good number. big cap names that did a lot of good. >> we also have kay shiller coming in with home prices at the highest level since september 2010. ford and gm beat. in terms of pent-up demand, the vibe is higher. to your point on whether trading will resume normally, i talked to traders yesterday. they said it could be dipping your toe in the water meaning volume is light in the beginning to see how things
al. >>> welcome to "squawk on the street." >> we go straight to jim cramer with details. >> malawi is not going to retire. the board has said, we are committed to down lolly to at least 24.14. i don't think he's going anywhere. he's going to be promoted to chief operating officer. they have to rationalize europe, rationalize asia obviously and i think this is big news because i think a lot of people felt that allen had finished job one. >> i think that the key here is promoting the mark field, he or she is saying on the concern is that the likely successor would leave and find another success. it's important also to shareholders to -- >> this is one of those where obviously mark had a tremendous reputation with what he's done in north america. the man, he's now going to be in charge of lincoln. they're talking about a tremendous decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important
the chairman wants. so if we get a new chairman, they're going to -- >> we have to go with breaking news, jim. sorry. thanks for being here. what's the breaking news? >> wayne angel, man, that takes me back. a few moments ago the homeland security secretary issuing a waiver of the jones act which means additional oil tankers will have access to ports in the northeast. it's a big deal, crude is moving. our sharon epperson has reaction. sharon? >> it's all traders are buzzing about. it's a huge story for the energy markets. we've seen an immediate reaction. oil prices falling here by about $2. $85.19 was the low of the session. big drops, 2% or so, in gasoline and in heating oil as well. this certainly alleviates the bottle neck issue that is have been happening around the new york, new jersey area and this is something that is very rare for this to occur, but this situation is as dire as it is and the need for supplies in the northeast is as dire as it is. the reaction immediate in the energy markets. we've even seen crude prices down about $1 or so. but the biggest reaction definitely in the
Search Results 0 to 4 of about 5

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